Guinness Nigeria reported an 8 percent drop in its full-year
pretax profit to N10.8 billion ($54.3 million), the local unit of Diageo
said on Friday.
However, revenue rose 9 percent to N118.5 billion in the 12 months to June 30, year-on-year, the company said.
It proposed to pay out N4.8 billion in dividends from its profits.
Consumer goods firms have been hit in Nigeria as consumption slows as a result of lower oil prices and a weakening naira.
Companies have also been affected by higher costs arising from a lower naira.
It proposed to pay out N4.8 billion in dividends from its profits.
Consumer goods firms have been hit in Nigeria as consumption slows as a result of lower oil prices and a weakening naira.
Companies have also been affected by higher costs arising from a lower naira.
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